The UK’s construction industry is a major contributor to the country’s economy and was estimated to produce a construction output worth £90 billion in 2020. Despite facing challenges in 2022 such as Brexit uncertainty, skills shortages, and COVID-19, the industry remains a vital part of the UK economy.
As the Chief Revenue Officer of a leading construction software supplier, it is important to understand the challenges faced by the thousands of construction companies we serve and how our software can help them thrive in these times.
In this article, I want to share some exciting insights into what 2023 has in store for the UK construction industry.
Current State of the Industry
Reflecting on 2022, the industry continued to face the effects of Brexit and the COVID-19 pandemic, particularly in the cost and availability of labour and materials.
Nevertheless, the UK government has committed to investing in infrastructure projects, there is a growing demand for new homes, and initiatives are in place to attract and train young people to enter the industry, addressing the skills shortage.
2023 – What’s to Come
The UK construction industry is expected to undergo significant changes and advancements in 2023. Here are some of the most exciting trends and developments to look forward to:
- Increased Technology Adoption: The construction industry has embraced technology in recent years, with the use of 3D printing, drones, and construction software becoming increasingly widespread. This trend will likely continue in 2023 as companies aim to increase efficiency, lower costs, and improve accuracy.
- Addressing Skilled Labour Shortages: The construction industry has long grappled with a shortage of skilled labour and this will likely persist in 2023 due to Brexit. To tackle this issue, companies are expected to invest more in training and development programs to attract and retain skilled workers.
- Sustainability and Green Building: The demand for environmentally friendly buildings and infrastructure continues to grow, and this trend will likely persist in 2023. Companies and suppliers are expected to focus on using sustainable materials, reducing energy consumption, and adopting green building practices to meet regulatory requirements and client demands.
- Infrastructure Development: The UK government has committed to investing heavily in infrastructure development, including roads, bridges, and public transportation projects. This presents significant opportunities for construction companies in 2023 and beyond.
As you can tell, the UK construction industry in 2023 is poised for exciting advancements, with a continued emphasis on technology, addressing skills shortages, sustainability, and improving infrastructure for the future. Companies that adapt to these changes and meet the evolving needs of their clients will be well-positioned for success in the coming years.
How We Can Help
As the market leader in construction-specific software, we serve over 3000 companies across the UK. Our experience and close relationship with our customers have allowed us to understand the daily struggles faced by construction companies of all sizes.
With a range of solutions covering a range of company sizes, we want to help you to get the most out of your projects this year. Therefore, to discover how you can save time, improve your accuracy and protect your profit margins, click here